Royal Gold Inc. Common Stock (RGLD)

FairStock Score: 59/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Buffett/Graham style investor, I see Royal Gold as an asset-light intermediary that owns royalties and streams on precious-metal mines. Only 39 employees support a $19.8B market cap, so the model can be capital-light. In the latest filed quarter, fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $450.5M, net income $236.4M, and diluted EPS $2.78. That compares with fiscal Q2 2025, the quarter ended 2025-06-30: revenue $209.6M, net income $132.3M, and diluted EPS $2.01. For full-year fiscal 2025, the year ended 2025-12-31, revenue was $1.0B, net income $466.3M, and diluted EPS $6.69, up from fiscal 2024 revenue $719.4M, net income $332.0M, and EPS $5.04, and fiscal 2023 revenue $605.7M, net income $239.4M, and EPS $3.63. FairStock's balance-sheet and return metrics look conservative: D/E 0.05, Altman Z-Score 6.96, ROE 13.60%, and ROCE 9.35%. But this is a cyclical gold business, so metal prices and mine performance drive results. Valuation is the rub. At the 2026-10-13 close of $233.52, FairStock calculates P/E 25.83, P/B 2.61, a Graham Number of $135, and margin of safety of -72.98%. PEG 0.17 looks attractive if growth persists, yet trailing free cash flow of just $585,000 and FCF yield of 0.0% raise cash-conversion questions. Piotroski F-Score 5/9 and FairStock score 59/100 suggest quality assets without a Graham bargain.

In plain English: Royal Gold owns royalty and stream interests in precious-metal mines, collecting payments from miners rather than operating mines. The business looks profitable and conservatively financed, with rapidly rising reported sales and earnings, but its results are tied to gold prices. At the recent close, the share price looks high compared with the company's accounting value and profits.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer